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Verve Erskineville – a quality development in a strategic location

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Verve Apartments, Erskineville, Sydney

The newly completed Verve Erskineville apartments have proven to be popular among Sydney’s hip and eclectic city dwellers. Only 4 apartments remain unsold in this 106-unit development by AV Jennings.

Why I like this development:

  • Located within a 5-minute walk to St Peters train station, this development is 3 direct stops or 10-minute train ride to Central station in the city and 6 direct stops to iconic Sydney harbour attractions at Circular Quay, Sydney Opera House and the Botanic Gardens.
  • Some apartments have large storage facilities and double side-by-side car space which means you will never have to scour around for scarce public / visitor parking in this popular inner city location for your second car.
  • Sydney Park’s outdoor activities – walking, running, biking, family picnics, is 5 minutes away. Sydney Park is also a leash-free park for dog lovers.
  • 10-minute drive to Sydney CBD, Chinatown, Broadway Shopping Centre, Sydney Fish Markets and Sydney airport.
  • Erskineville and Newtown’s cafes, pubs, restaurants precinct located within a 10 minute stroll.
  • For investors, rental return for most 2 bedroom apartments range between $575 – $675 per week or between 5.3% – 5.7% return on investment.

Related posts:

View Verve Apartments Erskineville @ wealthruproperty.com

Vital statistics

Erskineville Median price $ Weekly advertised median rent $ Gross yield $ 3-year growth % 5-year growth % Average annual growth %
Apartment 469,000 495 5.49 19.5 11.67 6.8
House 630,000 550 4.54 14.03 11.50 7.49

Source: RP Data & Your Investment Property, March 2010

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How it’s calculated:

Median price: Median price for the 12 months to November 2009

Average annual growth: Average percentage change over the past 10 years as a per annum figure

3 and 5-year growth: Median price percentage change over the past 3 and 5 years to November 2009

Weekly median advertised rent: Median price of rental listings for the 12 months to November 2009

Gross yield: Estimated rental return, based on advertised rent to median price

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